Global Mirror Coatings Market by Major Drivers, Type, Application & Regions (2018-2024)

The global mirror coatings market is registering a significant growth in the market, owing to the increasing use of mirrors in various end-user industries and applications, as mirrors has become an integral part in various applications such as automotive, transportation, housing and others.

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Based on technology, the mirror coatings market is classified into solvent-based coating, water-based coating, nano coating, and others. Of all these, nano coatings are predicted to witness the fastest growth in the market during the forecast period. This can be attributed to the growing preference of advanced materials in the solar power industry, which is pushing the manufacturers to invest in the technology for more innovative solutions, resulting in the market growth. 

Rising demand of mirrors in construction industry, increasing demand of these coatings in solar power industry are the major factors which are driving the mirror coatings market growth in the recent years. The demands of mirrors are increasing significantly in the construction industry, owing to the increasing demand of more decorative buildings. Hence the increasing demand of mirrors is driving the coatings demand, contributing towards the market growth.

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Various players are investing in the market in order to capture the market in an efficient manner by providing innovative solutions and products to the consumers. Arkema Group, The Sherwin-Williams Company, Vitro, S.A.B. De C.V., Fenzi, Ferro, Tianjin Xin Lihua Color Materials Co., Ltd., Casix, Vitro, S.A.B. De C.V., Pearl Coating, and Mader Group are some of the key players operating in the mirror coatings market.

Source: VynZ Research